European Central Bank's Francois Villeroy de Galhau:
Trump has signed up the whole world to a “lose-lose game” on trade based on flawed economic argumentsTrump’s attack on trade to dampen economic growth, including for the US, and threaten to undermine financial stabilityVilleroy called for de-escalation to avoid a spiral of rising tariffs“It’s more crucial than ever, across the Atlantic, to tell the truth, to fully assess the damage of a trade war, and to open the way for a possible positive dialog”Bank of France Governor Villeroy was speaking in New York.
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Earlier Trump reversed some tariff policies, and also on firing Powell:
Trump said had no intention of firing Fed Chair Powell (he did). Major reversal from TrumpTrump backing away from tariffs, backing away from firing Powell - will it last?Trump says he has no plans to Fire Federal Reserve Chair PowellTrump says he is going to be very nice to China, they have to make a deal This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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